The end of the eviction moratorium put millions of tenants at risk of losing their homes. That risk remains, but the expected avalanche of evictions has not arrived. In September, once the ban expired, new eviction filings were up 8.7% over August, yet the total number of eviction cases is still only half what it was in the same period before the pandemic.
The real eviction rate could be higher, as many state and local eviction moratoriums are still in place. But for now, the news is very good. A massive, nationwide wave of evictions would have put huge numbers of people on the hunt for new places to live at the same time amidst a period of record-low inventory (vacancy rates recently fell below 3% for the first time in three decades).